StockNews.com initiated coverage on shares of Trio-Tech International (NYSE:TRT – Free Report) in a report released on Thursday morning. The firm issued a buy rating on the stock.
Trio-Tech International Stock Performance
TRT opened at $5.47 on Thursday. The business’s 50-day simple moving average is $5.93 and its 200 day simple moving average is $6.08. Trio-Tech International has a 52-week low of $4.64 and a 52-week high of $8.62. The company has a debt-to-equity ratio of 0.02, a quick ratio of 3.01 and a current ratio of 3.29. The firm has a market capitalization of $23.25 million, a PE ratio of 23.80 and a beta of 1.02.
Institutional Trading of Trio-Tech International
An institutional investor recently raised its position in Trio-Tech International stock. Empowered Funds LLC increased its stake in shares of Trio-Tech International (NYSE:TRT – Free Report) by 8.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 30,396 shares of the company’s stock after buying an additional 2,275 shares during the period. Empowered Funds LLC owned 0.73% of Trio-Tech International worth $193,000 as of its most recent filing with the SEC. 16.03% of the stock is owned by institutional investors.
About Trio-Tech International
Trio-Tech International, together with its subsidiaries, offers manufacturing, testing, and distribution services to the semiconductor industry. It operates through four segments: Manufacturing, Testing Services, Distribution, and Real Estate. The company develops and manufactures test equipment used in front-end and back-end manufacturing processes of semiconductors.
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